Economic Freedom Improves Lives, Yet Another Study Finds

A new metastudy by Serbian think tank Libek confirms that countries wishing to increase their economic growth—and reap the many rewards that come from doing so—need to focus on advancing the economic freedom of their people.

Libek looked at 92 scholarly research studies that considered the relationship between economic freedom and economic growth. Eighty-six of them (93.5 percent) found a positive relationship.

That is not surprising, considering that economic freedom—the ability to direct one’s own life and make economic decisions for oneself—encourages and empowers people to make a better life for themselves and for their families.

The increased economic activity they produce shows up in measures of economic growth.

Still, the point cannot be made frequently enough, because economic freedom is still repressed in so many parts of the world.